US created 9.4 million new jobs in 51 months, says Obama

US created 9.4 million new jobs in 51 months, says Obama

US President Barack Obama ignited a new power showdown with Republicans, vowing to improve the economy alone and said his administration created 9.4 million jobs in the last 51 months to ‘help the middle class’ despite facing ‘obstruction’.

"We went through the worst economic crisis since the Great Depression, we have climbed back. Since then, we have created 9.4 million new jobs over the past 51 months," Obama said.

"Corporate profits are up, stock market is up, housing is improving," he said on Tuesday in his remarks on economy here.

US created 9.4 million new jobs in 51 months, says Obama

Obama said Republicans have a flawed theory of the economy that they cannot seem to get past.

"They believe that all we should be doing is giving more tax breaks to those at the top, eliminating regulations that stop big banks or polluters from doing what they want, cut the safety net for people trying to work their way into the middle class, and then somehow the economy is going to get stronger and jobs and prosperity trickle down to everybody," he said.

US created 9.4 million new jobs in 51 months, says Obama

"We could do so much more if we just rallied around an economic patriotism, a sense that our job is to get things done as one nation and as one people," Obama said.

"Economic patriotism says that instead of stacking the deck in the favour of folks just at the top, let us harness the talents and ingenuity of every American and give every child access to quality education, and make sure that if your job was stamped obsolete or shipped overseas, you are going to get retrained for an even better job," he said.

The President said economic patriotism means that the hard work of every American is rewarded instead of making it tougher for the middle-class.